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Brazilian steelmaker Gerdau posts slight core earnings beat as US revenue rises
SAO PAULO, April 28 (Reuters) - Steelmaker Gerdau GGBR4.SA on Monday posted a slight beat in its core earnings for the first quarter, saying the United States' changes in steel trade policy helped offset weaker results in its home base of Brazil.Gerdau, Brazil's largest steelmaker by market ...Reuters
Mon, Apr 28
Wall Street banks sell final portion of Elon Musk's X debt, WSJ reports
April 28 (Reuters) - A group of banks including Morgan Stanley, Bank of America, Barclays and Mitsubishi UFJ sold the final piece of debt tied to billionaire Elon Musk's $44 billion buyout of social media platform Twitter, now called X, the Wall Street Journal reported on Monday, citing people f...Reuters
Mon, Apr 28
REFILE-Trump to reduce impact of auto tariffs, officials say
WASHINGTON, April 28 (Reuters) - President Donald Trump's administration will move to reduce the impact of his automotive tariffs on Tuesday by alleviating some duties placed on foreign parts in domestically manufactured cars and keeping tariffs on cars made abroad from stacking on top of other ...Reuters
Mon, Apr 28
FAA delays flights to Newark airport after equipment, staffing issues
By David Shepardson WASHINGTON, April 28 (Reuters) - The Federal Aviation Administration said a series of issues prompted it to dramatically slow traffic at Newark Liberty Airport on Monday, prompting United Airlines UAL.O to divert at least 35 flights to other airports.United Airlines, the large...Reuters
Mon, Apr 28
China's foreign minister met Russian counterpart in Brazil, ministry says
BEIJING, April 29 (Reuters) - China's Foreign Minister Wang Yi met on Monday with his Russian counterpart Sergei Lavrov to the sidelines of the BRICS foreign ministers' meeting in Brazil's Rio de Janeiro, a statement from his ministry said late on Monday."The game between unilaterali...Reuters
Mon, Apr 28
Woodside Energy commits $17.5 billion to Louisiana LNG project
April 29 (Reuters) - Australia's Woodside Energy WDS.AX said on Tuesday it will proceed with the Louisiana Liquefied Natural Gas project, while flagging total capital expenditure for the LNG project, pipeline and management reserve of about $17.5 billion.Reuters
Mon, Apr 28
Amazon launches first Kuiper internet satellites, taking on Starlink
The first batch of a planned 3,236 Kuiper satellites launches from FloridaMission kicks off race to rival SpaceX's massive Starlink networkAmazon could launch five more Kuiper missions this yearBy Joey RouletteWASHINGTON, April 28 (Reuters) - The first 27 satellites for Amazon's Kuiper broad...Reuters
Mon, Apr 28
KLA Corp expected to post earnings of $8.08 a share - Earnings Preview
KLA Corp KLAC.OQ KLAC.O is expected to show a rise in quarterly revenue when it reports results on April 30 for the period ending March 31 2025The Milpitas California-based company is expected to report a 27.5% increase in revenue to $3.008 billion from $2.36 billion a year ago, according to the m...Reuters
Mon, Apr 28
Northwest Pipe Co expected to post earnings of 53 cents a share - Earnings Preview
Northwest Pipe Co NWPX.OQ NWPX.O is expected to show a fall in quarterly revenue when it reports results on April 30 for the period ending March 31 2025The Vancouver Washington Washington-based company is expected to report a 1.1% decrease in revenue to $111.919 million from $113.22 million a year...Reuters
Mon, Apr 28
FormFactor Inc expected to post earnings of 19 cents a share - Earnings Preview
FormFactor Inc FORM.OQ FORM.O is expected to show a rise in quarterly revenue when it reports results on April 30 for the period ending March 31 2025The Livermore California-based company is expected to report a 0.7% increase in revenue to $169.983 million from $168.73 million a year ago, accordin...Reuters
Mon, Apr 28
Emerging economies lead the way in AI trust, survey shows
LONDON, April 29 (Reuters) - People in emerging economies are more willing to trust AI than those in advanced economies and are more optimistic and excited about its benefits, a major survey by the University of Melbourne and professional services firm KPMG has found.The global study showed two-thir...Reuters
Mon, Apr 28
Brazilian steelmaker Gerdau posts 39% decline in Q1 adjusted profit
SAO PAULO, April 28 (Reuters) - Brazilian steelmaker Gerdau GGBR4.SA posted on Monday a 39% decline in its adjusted net profit for the first quarter when compared to a year earlier, falling to 758 million reais ($134.07 million).($1 = 5.6537 reais)Reuters
Mon, Apr 28
Tesla's Semi factory in Nevada to have first trucks in production by end of 2025
April 28 (Reuters) - Tesla TSLA.O, in an update on Semi, said that the first units of the electric trucks will be on the production line by the end of 2025 at its Nevada gigafactory campus.Dan Priestley, who leads the Semi program at Tesla, said in a video posted to YouTube on Monday, that the facto...Reuters
Mon, Apr 28
HG Vora pushes ahead with proxy fight, wants investors to vote on 3 seats
By Svea Herbst-BaylissNEW YORK, April 28 (Reuters) - Hedge fund HG Vora said on Monday it plans to push ahead with a proxy fight at Penn Entertainment PENN.O to try and elect all three of its director candidates, after the casino operator said it would appoint only two of them to its board."HG V...Reuters
Mon, Apr 28
CORRECTED-ANALYSIS-Corporate America boosts security spending after UnitedHealth murder, filings show
Security cover expands to board members, public events, experts saySecurity spending median rose to $94,276 in 2024 from $69,180 in 2023Security costs expected to rise further in 2025, experts sayBy Medha Singh and Mariam Sunny April 28 (Reuters) - U.S. corporations have been ramping up their sec...Reuters
Mon, Apr 28
MercadoLibre proposes to move US legal home to Texas from Delaware
April 28 (Reuters) - Latin American e-commerce giant MercadoLibre's board MELI.O called on its shareholders on Monday to approve a redomestication of its U.S. operations from Delaware to Texas, in a filing ahead of a June 17 shareholders meeting.WHY IT'S IMPORTANTAmong Latin America's la...Reuters
Mon, Apr 28
US Congress wrestles with Trump tax bill, aims to finish by July 4
House debate turns on fight over Medicaid, green energy Top Democrat vows to wage legislative combat By David Morgan WASHINGTON, April 28 (Reuters) - Republicans in the U.S. Congress turned in earnest on Monday to their biggest challenge of Donald Trump's presidency: trying to bridge interna...Reuters
Mon, Apr 28
Carrier LATAM raises core earning outlook on strong Q1, stable demand
MEXICO CITY, April 28 (Reuters) - LATAM Airlines on Monday hiked its estimated core earnings for the year, citing strong first-quarter results and stable demand.The Chilean carrier bumped up its annual outlook for earnings before interest, taxes, depreciation, amortization and rental costs (EBITDAR)...Reuters
Mon, Apr 28
West Coast ports see 30% decline in freight volume amid tariffs, TD Cowen says
Investing.com -- TD Cowen analysts highlighted significant decreases in shipping volumes at U.S. ports during a critical import season. According to Jason Seidl of TD Cowen, ocean freight data from AsInvesting.com
Mon, Apr 28
